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Indian subsidiary of Nestlé From Wikipedia, the free encyclopedia
Nestlé India Limited is the Indian subsidiary of Nestlé which is a Swiss multinational company. The company is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate, and confectioneries.[6][2][3]
Company type | Public |
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| |
ISIN | INE239A01016 |
Industry | Food processing |
Founded | 28 March 1959 |
Headquarters | Nestle House, Jacaranda Marg, 'M' Block, DLF Phase II, , India[1] |
Area served | India |
Key people |
|
Brands | |
Revenue | ₹19,247 crore (US$2.3 billion) (2023)[4] |
₹4,044 crore (US$480 million) (2023)[4] | |
₹2,998 crore (US$360 million) (2023)[4] | |
Total assets | ₹10,094 crore (US$1.2 billion) (2023)[4] |
Total equity | ₹3,092 crore (US$370 million) (2023)[4] |
Number of employees | 7,649[2] |
Parent | Nestlé (62.76%)[2][5] |
Website | nestle.in |
The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.[7][8] As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.[5] The company has 9 production facilities in various locations across India.[9]
Nestlé India is one of the largest players in India's fast-moving consumer goods sector and has a long history in the country.[10]
Nestlé India currently has 9 manufacturing facilities across India. They are at:[2][6][9]
In June 2015, Nestlé India's instant noodles product Maggi was banned by the Government of Delhi for a 15-day period after lead and monosodium glutamate in samples of the product were found to be beyond permissible limits.[15][16][17] On 5 June 2015, Maggi noodles were banned nationwide by the Food Safety and Standards Authority of India.[18] The ban was overturned on 13 August 2015 following the Bombay High Court's order and samples of Maggi Noodles were ordered to be retested within 6 weeks by three labs authorized by the National Accreditation Board for Testing and Calibration Laboratories.[19][18][20][21] Nestle was fined ₹45 lakh for the incident by the district administration.[22] Between 5 June 2015 when the noodles were first banned and 1 September 2015, Nestlé recalled 38,000 tonnes of Maggi Noodles from stores and incinerated them at 11 cement plants across India.[23][24] Nestlé eventually cleared the Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.[25]
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